For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Winchendon Four-Unit Income Property Title is generated by Realmo AI

    10-12 School Sq., Winchendon, MA 01368

    View on Map
    Claim this Listing
    For Sale
    $659,000

    Four-unit property in Winchendon with strong rental income.

    Type:4 Family
    Property size:
    3,818 SF
    Price / SF:
    $172/SF
    Added:
    Apr 11, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 20 at 6:34 pm

    Property Features for 10-12 School Sq.

    General Information

    Standard status
    Active
    Size
    3,818 SF
    Property subtype
    4 Family

    Building Details

    Year Built
    1860

    We can help!

    Listing Contact
    Jason Saphire

    Listing agent Jason Saphire License #9086666

    Listing office www.HomeZu.com

    Listing date Apr 11, 2026

    Source Lockandkeyre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of www.HomeZu.com

    HighLights

    • High monthly rental income of $6590.
    • Fully rented 4‑unit property.
    • Tenants pay their own utilities.
    • New roof (4 years old).
    • Good size rooms in each unit.
    • Located in the center of town.

    Overview

    This large four-unit house is located in the center of town and is currently fully rented. The total monthly income is $6590. Each tenant is responsible for their own utilities. Each unit features good-sized rooms. The property will be delivered with all current tenants, as the seller wishes to maintain the rental income. Showings are available on weekends only. The roof is four years old. This property offers a strong cash flow.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $75.6k $19.80
    − Vacancy −$1.9k −$0.49
    EGI $73.7k $19.31
    − OpEx −$22.1k −$5.79
    NOI $51.6k $13.52
    3,818 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $737.3K
    $645.1K – $860.2K (±1% cap)
    NOI $51,610 @ 7.0% cap · market cap 7.83%
    Second Best
    Apartment 5plus
    $641.6K
    $561.4K – $748.6K (±1% cap)
    NOI $44,915 @ 7.0% cap · market cap 6.82%
    Theoretical Best
    Office A
    $1.30M
    $1.14M – $1.52M (±1% cap)
    NOI $91,265 @ 7.0% cap · market cap 13.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchendon
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.054538
    Latitude
    42.6821184

    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Winchendon with strong rental income.
    Where is this quadplex located?
    The property is located at 10-12 School Sq. Winchendon, MA.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: High monthly rental income of $6590.; Fully rented 4‑unit property.; Tenants pay their own utilities.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message